Like yesterday just over half of the S&P 500 and Dow Jones stocks are negative on today’s session (51% and 60% respectively), and all sectors except Energy, Health Care, and Utilities show negative breadth. It’s actually the same situation as yesterday’s bearish session.

It’s typically a bearish sign when we see Utilities, Health Care and Staples outperforming all other sectors (all of which are clustered together today except the three leaders).

Finally, we can turn to pro-trend bullish stock candidates like these below:

2 Responses to “June 4 Additional Breakout Update and Stock Scan”

[…] I’ve been highlighting the sharp bullish reversals from capital injections into the market at the lows (V-Spike intraday reversals) and another one occurred this morning off the open which is the same event as described in yesterday’s update. […]

[…] I’ve been highlighting the sharp bullish reversals from capital injections into the market at the lows (V-Spike intraday reversals) and another one occurred this morning off the open which is the same event as described in yesterday’s update. […]